Advanced

Variable Interest Entity (VIE) Assessment

Determines if a company must consolidate a legal entity under ASC 810.

Perform a VIE analysis under ASC 810 for the relationship between {parent_company} and {entity_name}. Evaluate: 1. Does the entity have sufficient equity at risk? 2. Who has the power to direct the most significant activities? 3. Who has the obligation to absorb losses or receive residual returns? Conclude if consolidation is required.

Related Prompts

Financial Accounting
Beginner

Month-End Close Checklist Generator

Generates a comprehensive month-end close checklist tailored to your company type and size.

ChatGPT-4oClaude Sonnet 4.5Gemini 2.5 Pro
1
4
253
Financial Accounting
Intermediate

AP three-way match exceptions and accrual recommendations

Finds exceptions between PO, receiving, and invoice data; recommends resolutions and accruals for goods received not invoiced. Helps AP teams and controllers reduce close surprises.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
130
Financial Accounting
Intermediate

AR aging review and expected credit loss (ECL/CECL-lite)

Analyzes AR aging, flags collection risks, and proposes an allowance methodology and JE. Useful for controllers in smaller entities who need a practical, supportable approach.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
70